Presima Securities ULC Has $1.52 Million Stake in Camden Property Trust $CPT

Key Points

• Presima Securities ULC has reduced its holdings in Camden Property Trust by 16.2%, now owning 12,433 shares valued at approximately $1.52 million.
• Several institutional investors are adjusting their positions, with Starwood Capital Group Management increasing its holdings by 125.6%, now owning 316,179 shares.
• Analysts have adjusted their price targets for Camden Property Trust, with Citigroup reducing its target from $138 to $130 while maintaining a "buy" rating.

Presima Securities ULC reduced its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,433 shares of the real estate investment trust's stock after selling 2,407 shares during the quarter. Presima Securities ULC's holdings in Camden Property Trust were worth $1,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPT. Smartleaf Asset Management LLC increased its position in shares of Camden Property Trust by 16.8% during the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 89 shares during the period. Country Club Bank increased its position in shares of Camden Property Trust by 0.4% during the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock valued at $3,204,000 after purchasing an additional 92 shares during the period. Amalgamated Bank increased its position in shares of Camden Property Trust by 0.5% during the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after purchasing an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camden Property Trust by 0.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock valued at $2,102,000 after purchasing an additional 98 shares during the period. Finally, First Manhattan CO. LLC. lifted its holdings in shares of Camden Property Trust by 0.3% during the 1st quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock worth $3,809,000 after acquiring an additional 101 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Evercore ISI reduced their price objective on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a report on Tuesday, August 12th. Scotiabank reduced their price objective on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Piper Sandler reduced their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $123.27.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $1.10 during trading on Friday, reaching $109.66. The company had a trading volume of 184,130 shares, compared to its average volume of 968,794. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The stock has a market cap of $11.72 billion, a PE ratio of 76.64, a PEG ratio of 3.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The business's 50 day moving average price is $110.45 and its 200-day moving average price is $114.54.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period in the previous year, the firm posted $1.71 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust's payout ratio is currently 293.71%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.